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We Like Things the Way They Are

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The Biased Mind

Abstract

Next, we voyage across the deep blue sea where losses loom larger than gains, and cast the anchor… You might stay there forever, paralyzed by the power of the status quo bias, nightmarish money matters, debts and tax worries, Christmas gifts, Russian roulette, or committing yourself to membership of the fitness centre.

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Notes

  1. 1.

    Samuelson, P. A., 1963

  2. 2.

    Samuelson, W. and Zeckhauser, R., 1988

  3. 3.

    Kahneman, D. and Tversky, A., 1979

  4. 4.

    Thaler, R., 1985

  5. 5.

    Thaler, R., 1980

  6. 6.

    Do A.M., Rupert A. V. and Wolford G., 2008

  7. 7.

    Thaler, R., 1985

  8. 8.

    Thaler, R., 1985

  9. 9.

    Zeckhauser, R. and Viscusi, W. K., 2000

  10. 10.

    Tversky, A. and Kahneman, D., 1986

  11. 11.

    Kahneman, D. and Tversky, A., 1974

  12. 12.

    The correct answer is that 8 × 7 × 6 × 5 × 4 × 3 × 2 × 1 = 1 × 2 × 3 × 4 × 5 × 6 × 7 × 8 = 40,320

  13. 13.

    Kahneman, D., Knetsch, J. K. and Thaler, R., 1991

  14. 14.

    Thaler, R., 1980

  15. 15.

    Samuelson, W. and Zeckhauser, R., 1988

  16. 16.

    Samuelson, W. and Zeckhauser, R., 1988

  17. 17.

    Cialdini, R. B., 1984

  18. 18.

    McFadden, D., 2006

  19. 19.

    Sobell, L. C., 1996

  20. 20.

    Kahneman, D. and Tversky, A., 1974

  21. 21.

    Strack, F. and Mussweiler, T., 1997

  22. 22.

    Hsee C. K., 1998

  23. 23.

    Thaler, R., 1980

  24. 24.

    Samuelson, W. and Zeckhauser, R., 1988

  25. 25.

    Samuelson, W. and Zeckhauser, R., 1988

  26. 26.

    Goldstein, N. J., Martin, S. J. and Cialdini, R., 2009

  27. 27.

    Wason, P. C., 1960

  28. 28.

    LeDoux, J., 1998

  29. 29.

    Rabin, M. and Schrag, J. L., 1999

  30. 30.

    Popper, K., 2002

  31. 31.

    Jones, E.E. and Harris, V. A., 1967

  32. 32.

    Ledoux, J., 1998

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Correspondence to Jérôme Boutang .

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Boutang, J., Lara, M. (2016). We Like Things the Way They Are. In: The Biased Mind. Springer, Cham. https://doi.org/10.1007/978-3-319-16519-6_4

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